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Byline: Ken Rees We live in a changing world where outdated rules and assumptions prevent needed innovations. This is particularly true in the case of consumer credit. Back in the [...]

Byline: Ken Rees In recent years, the nonprime lending industry has been under a microscope, and for good reason. According to data from Fair, Isaac and the Corporation for Enterprise [...]

Banks' high profits and stock prices are hiding the fact that banks are responding ineffectively to competition from institutions such as mutual funds and discount brokers. Banks have already lost significant market share, and further declines are imminent unless bankers abandon several pernicious myths. Five of those myths are debunked. Price, convenience and selection, not 'service with a smile,' are the components of financial services value., Brimming with profits and emboldened by big-ticket mergers, bankers are full of optimism. Although many experts still see their future as one of financial irrelevance, banks have been generously rewarding [...]

In a world where technology lifecycles are measured in months, the automated teller machine seems like Rip van Winkle -- it's been asleep for 25 years. The venerable ATM has [...]

Copyright of Canadian Journal of Soil Science is the property of Canadian Science Publishing and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Canadian Journal of Soil Science is the property of Canadian Science Publishing and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Canadian Journal of Soil Science is the property of Canadian Science Publishing and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article focuses on the U.S. Consumer Financial Protection Bureau (CFPB) payday rules for lenders and consumers. Topics discussed include the consumer protections under a CFPB regulation, impact of rising income inequality and Great Recession to the middle class, and credit solutions for non-prime consumers in the country.

The article praises the U.S. Consumer Financial Protection Bureau, which is under the direction of Richard Cordray and Raj Date, for establishing a positive professional attitude toward eliminating unfair practices in the financial services industry.

Examines the reasons for the lack of changes with regard to the use and capabilities of automated teller machines (ATM). ATM features that inhibit innovation; Basis of most ATM software on outdated and proprietary technologies; Difficulty in linking an ATM to a Web site.